Sportsbet is one of Australia’s great business success stories, and the local offshoot of Irish gambling giant Flutter Entertainment. In 2023, it was Australia’s most popular online bookmaker with a 48 per cent share of the country’s wagering market and contributed 16 per cent to Flutter’s total revenue.

The company is based in Melbourne, Victoria and provides betting agency services. It offers sports & racing betting, betting on virtual events and risk management services. Sportsbet’s customers can place their bets on any device at any time of the day, including mobile and tablet, and can even use the app to cash out winning bets before the event has finished.

A spread bet involves the amount of points, goals or runs that a team is expected to score over its opponent. The oddsmakers set these odds based on the probability of an occurrence, allowing you to back or lay teams in a game. The higher the likelihood that an event will occur, the lower the risk and the better the return.

In October 2019, Sportsbet launched a same race multi feature, which allows you to create a bet on multiple runners in a single race. This is a first for Australia and allows you to choose to back 1-4 legs in a bet. This is a great way to increase your chances of winning and is an excellent alternative to traditional parlays or accumulators. The same race multi option also includes all of the usual exotics and flexi betting is supported.